BOE Report

Imperial provides update on unconventional portfolio

CALGARY, Alberta - Following annual review of its company business and strategic plan, Imperial (TSE: IMO, NYSE American: IMO) has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio. The decision not to develop these assets will result in a non-cash, after-tax charge of approximately $0.9 billion to $1.2 billion in the company’s fourth quarter 2020 results. These non-core assets [Read more]

Imperial senior vice-president, commercial and corporate development, to retire

Theresa Redburn has announced her intention to retire after 35 years of service Sherri Evers appointed Vice-President, Commercial and Corporate Development effective January 1, 2021 CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) announced today Theresa Redburn, Senior Vice-President, Commercial and Corporate Development has announced her intention to retire on January 1, 2021 after 35 years of service. The company also announced Sherri Evers has been appointed as [Read more]

NuVista Energy Ltd. provides third quarter operating results and provides 2021 guidance

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2020 and provide an update on our future business plans. NuVista continued its decisive action in the face of a challenging year for all of industry, through the progression of our COVID-19 safe operating plan, and the significant reduction of capital, operating, and G&A spending to ensure liquidity and balance sheet protection remain [Read more]

Civeo Corporation announces 1-for-12 reverse share split

HOUSTON & CALGARY, Alberta - Civeo Corporation (NYSE:CVEO) (the “Company” or “Civeo”) announced today that its Board of Directors has approved the implementation of a 1-for-12 reverse share split of the Company’s common shares (the “Common Shares”). The Company’s shareholders previously approved a proposal authorizing the Board of Directors to implement the reverse share split at the 2020 annual meeting. The 1-for-12 reverse share split will be effective as of 5:00 p.m. Eastern Time on [Read more]

Seven Generations Energy releases third quarter 2020 results and 2021 guidance

Execution drives increase to midpoint of 2020 production guidance, 2021 budget targets stable production and free cash flow CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) THIRD QUARTER 2020 HIGHLIGHTS The company successfully completed its planned three-week turnaround and upgrade at the Karr plant and condensate stabilizer on-time and on-budget, while mitigating the impact to production volumes. Third quarter sales volumes were 168.9 Mboe/d (43% natural gas, 34% [Read more]

Murphy Oil Corporation announces third quarter 2020 operating and financial results

Expanded Hedge Coverage, Published 2020 Sustainability Report HOUSTON - Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the third quarter ended September 30, 2020, including a net loss attributable to Murphy of $244 million, or $1.59 net loss per diluted share. Adjusted net loss, which excludes discontinued operations and other one-off items, was $24 million, or $0.15 net loss per diluted share. Unless otherwise noted, the financial and operating [Read more]

Imperial to hold virtual 2020 Investor Day on November 19

CALGARY, Alberta - (TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host the company's 2020 Investor Day on Thursday, November 19. The event begins at 8 a.m. MT (10 a.m. ET) and will be accessible by webcast. At Investor Day, Imperial's management team will provide an update on the company’s operations and business strategy, followed by a question-and-answer [Read more]

Plains All American Pipeline and Plains GP Holdings report third-quarter 2020 results

HOUSTON - Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today reported third-quarter 2020 results and furnished updated 2020 guidance in addition to several other significant updates, which are highlighted below. Summary Highlights Reported net income for the quarter of $143 million Delivered third-quarter 2020 Adjusted EBITDA of $682 million Completed the sale of LA Basin Terminals (closed October 15, 2020) for approximately $200 [Read more]

Imperial announces third quarter 2020 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSX, NYSEAM:IMO): Net earnings of $3 million in the quarter, up significantly from the second quarter Exceeding previously announced capital and expense reduction targets Year-to-date production and manufacturing expenses $813 million below the same period of 2019 Full-year 2020 capital expenditures now expected to be about $900 million Cash flow generated from operating activities of $875 million Cash balance of $817 million at the [Read more]

ExxonMobil reports results for third quarter 2020

Third quarter results improved by $400 million from the second quarter, primarily driven by early stages of demand recovery; excluding identified items, results improved by $2.2 billion On track to exceed reduction targets for 2020 capital and cash expenses; further reductions anticipated in 2021 Continued Guyana progress with third major deepwater development approval and two new discoveries IRVING, Texas - Exxon Mobil Corporation [Read more]